Goa Shipyard Limited

Goa Shipyard Share Price and Unlisted Shares - Company Overview 

GOA SHIPYARD LIMITED (‘GSL’) is a Government of India-owned defense public sector undertaking under the administrative control of the Ministry of Defence, Department of Defence Production. Goa Shipyard Limited is a Miniratna company. The company is engaged in the business of Shipbuilding, Ship Repair, and General Engineering Services for the defense and commercial sectors.

The company’s shipyard is located at Vasco da Gama, Goa. Goa Shipyard Limited has completed the construction of dedicated infrastructure for the production of GRP vessels and set up separate facilities to support Ship Repair & General Engineering Services activities, as part of diversification. The company has set up a liaison office in Karwar, Karnataka to explore ship repair opportunities.

In the recent past, Goa Shipyard Limited has grown exponentially on diverse fronts offering end-to-end solutions for design, construction, and through-life support for defense platforms. The company has emerged as a leading shipbuilder in the Indian sub-continent, capable of indigenously designing and building state-of-the-art high-technology, and sophisticated ships to cater to the maritime security requirements of the country and its friendly neighbors. Indian Navy, Indian Coast Guard, Oil, and Natural Gas Commission, Government of Goa, and Government of Yemen are some of the prominent clients of Goa Shipyard Limited.

The delivered product range of Goa Shipyard Limited includes Offshore Patrol Vessels, Fast Patrol Vessels, Missile Crafts, Sail Training Ships, Tugs, Boats, Fishing Vessels, Passenger Vessels, etc. While, in the last 3 decades, the company has attained domain expertise in Offshore Patrol Vessels and Fast Attack Crafts, and now the Yard is upgrading and up-skilling to more advanced and complex platforms such as Frigates and Corvettes. The Shipyard has further diversified into the design and construction of Glass Reinforced Plastic (GRP) vessels, Hovercrafts, Damage Control Simulator (DCS), Survival at Sea Training Facility (SSTF), Shore Based Test Facility (SBTF), Stern Gear, and Shafting equipment.

Goa Shipyard is one of the leading shipbuilding companies in India. Goa Shipyard's share price has been volatile recently but has remained generally strong. Goa Shipyard share price is likely to continue to be affected by global economic conditions and the shipbuilding industry.

Goa Shipyard Share Price, Unlisted Share Details as of March 31, 2022

Incorporation Details of Goa Shipyard

Principal Business Activities of Goa Shipyard

Board of Directors of Goa Shipyard

Shri Brajesh Kumar Upadhyay, Chairman & Managing Director

Smt Rolley Mahendra Varma, Govt. Nominee Director

Shri Deepak Manohar Patwardhan, Independent Director

Shri Hasmukh Hindocha, Independent Director

Capt. Jagmohan, IN (Retd.) Director (CPP&BD)

Smt Nazli Jafri Shayin, Govt. Nominee Director

Cmde B. B. Nagpal, NM, IN (Retd.) Chairman & Managing Director

Shri T. N. Sudhakar. Director (Finance)

Goa Shipyard Particulars of Subsidiary and Associate Companies

Goa Shipyard Limited does not have any subsidiary or associate company.

Shareholding Pattern of Goa Shipyard (As of 31-03-2022)

Goa Shipyard Industry Outlook

The Indian defense sector has largely been dependent on imports for critical technologies and equipment. However, of late, the Government of India has made substantial progress in not only achieving self-reliance but also shedding the tag of the leading importer of defense products and has moved a step further to transcending into exports of defense equipment.

Towards the same, the Government in its quest to boost indigenous defense manufacturing has taken substantive steps such as ease of licensing in defense, increased thrust on exports, accelerating the process of Acceptance of Necessity and RFPs, and encouraging private sector participation in defense production.

As per a published report, the Indian Navy’s perspective plan envisaged augmentation of its fleet size from the present 150 to 200 nos. by 2027. Indian Coast Guard is also on a similar expansion program, coherent with the policy of securing coastal territory.

This expansion of maritime forces is expected to provide a spurt in the indigenous shipbuilding arena.

Besides, the Government of India’s indigenization plan is also expected to give a fillip to the growth of ancillaries and generally improve the shipbuilding environment in the country.

In commercial shipbuilding, the requirements envisaged in Coastal and Inland Waterways transportation present the most promising segment. The new multi-modal freight terminal in Varanasi, being part of the Jal Marg Vikas project, marked the beginning of the government’s effort to resurrect the Ganga as a significant transportation artery.

The Company has built a River Passenger Ferry for use in the inland waterways segment and thus makes an inroad in this segment.

The use of new technologies, such as autonomous vessels, artificial intelligence (AI), and automation are the key drivers of the shipbuilding market across the globe. Additionally, the adoption of robotic technologies and Industry 4.0 technologies are likely to supplement the shipbuilding market in the near future.

There is immense potential to forge strategic partnerships and convert India into a hub for defense shipbuilding exports and to offer maintenance support services to friendly foreign countries.

Profit & Loss Statement of Goa Shipyard  (In Rs. Lakhs)

Balance Sheet of Goa Shipyard  (In Rs. Lakhs)

Dividend History of Goa Shipyard 

Performance of Goa Shipyard

Revenue from Operations of the company decreased by 13.96% from Rs. 86,049.31 lakhs in FY 2021 to Rs. 74,035.36 lakhs in FY 2022.

EBITDA of the company decreased by 12.23% from Rs. 22,199.85 lakhs in FY 2021 to Rs. 19,486.51 lakhs in FY 2022. EBITDA margins of the company improved slightly from 25.79%% in FY 2021 to 26.32% in FY 2022.

The Net Profit of the company decreased significantly by 20.96% from Rs. 12,791.03 lakhs in FY 2021 to Rs. 10,109.19 lakhs in FY 2022. Profit after Tax margins decreased from 14.86% in FY 2021 to 13.65% in FY 2022.

The book value per equity share of the company as of 31st March 2022 was Rs. 98.69.

The Current Ratio of the company as of 31st March 2022 was 1.23.

The company does not have any borrowings.

Goa Shipyard Limited has given a dividend of Rs. 4.35 per equity share for FY 2022.

FAQs on Goa Shipyard

Q1. Is Goa Shipyard government or private?

A1. The Indian Government owns Goa Shipyard Limited.

Q2. Is Goa shipyard a PSU?

A2. Yes Goa Shipyard is a PSU Public Sector Undertaking.

Q3. Who owns Goa shipyard?     

A3. Indian Government owned the Goa shipyard.